BoI Assets Increase By 39% To N2.38trn   The Bank of Industry (BoI) said its asset base rose from N1.71tn to N2.38tn in 2022 financial year. The Chairman, Board of Directors (BoI) Mallam Aliyu Dikko, disclosed this during the bank’s 63rd annual general meeting in Abuja. In a...

In Three Months, Commercial Papers Hit N539bn   The value of quoted commercial papers on the FMDQ Exchange stood at N539.22bn at the end of the first quarter of 2023 with the total outstanding value of CPs rising to N669.36bn at the end of the same...

CIBN Revenue Rises By 16% To N2.06bn In 2022   The Chartered Institute of Bankers of Nigeria (CIBN) said its revenue rose by 16.9 percent to N2.06 billion in 2022 from N1.76 billion in 2021. The Institute also said that its net assets and net operating surplus...

Seven Banks Paid N1bn for Forex Offences - Report The Nigerian Exchange Limited recent report revealed that seven Deposit Money Banks paid sum of N1,088,334,000 as fines to the Central Bank of Nigeria, Securities and Exchange Commission, National Insurance Commission, Pension Commission and others in...

CITN Seeks Policy Review to Increase Tax Revenue The Chartered Institute of Taxation of Nigeria has said it is important to conduct a holistic review of the country’s international tax policies to have a framework that will increase tax revenue in the country. This was part...

Nigeria Loses N313bn As Oil Theft, Shutdown Rise   Rising oil thefts and workers’ strikes have led to a huge drop in Nigeria’s oil production output, culminating in the loss of hundreds of billions of naira in oil earnings. Crude oil production in Nigeria crashed by over...